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Tuesday, December 24, 2024

Danville home prices rise in the third quarter of 2017

Realestate1

The median sale price of a home sold in the third quarter of 2017 in Danville rose by $4,600 while total sales increased by 10.9%, according to BlockShopper.com.

From July through September of 2017, there were 132 homes sold, with a median sale price of $48,500 - a 10.5% increase over the $43,900 median sale price for the same period of the previous year. There were 119 homes sold in Danville in the third quarter of 2016.

The median sales tax in Danville for the most recent year with available data, 2016, was $954, approximately 2% of the median home sale price for the third quarter of 2017.

The following table compares Danville to other Vermilion County cities with similar median sales prices in the third quarter of 2017:

CityJuly - Sept. 2017 Home SalesJuly - Sept. 2016 Home Sales% change (Total Home Sales)July - Sept. 2017 Median Sales PriceJuly - Sept. 2016 Median Sales Price% change (Median Sales Price)
Catlin121020%$84,450$92,450-8.7%
Fithian10-$67,500$0-
Rossville45-20%$66,500$70,000-5%
Westville2010100%$52,750$93,750-43.7%
Hoopeston1822-18.2%$52,500$46,00014.1%
Danville13211910.9%$48,500$43,90010.5%
Georgetown211540%$46,500$35,00032.9%
Sidell31200%$40,000$70,000-42.9%
Tilton141127.3%$39,100$50,000-21.8%
Potomac330%$35,000$47,000-25.5%
Fairmount12-50%$31,000$74,750-58.5%

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